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Diversified Singapore property group (TCC/ThaiBev-linked) developing residential, retail, industrial and hospitality real estate across Asia-Pacific and Europe.
Diversified Singapore property group (TCC/ThaiBev-linked) developing residential, retail, industrial and hospitality real estate across Asia-Pacific and Europe.
Earns from selling homes it develops, rent on malls and logistics sites it keeps, and fees from running hotels and serviced residences. It also sponsors listed property trusts and collects management fees from them, a way of recycling capital. The family group behind ThaiBev controls it.
In one line: A diversified Singapore property developer with residential, retail, industrial and hospit.
Moat: narrow (scale, installed base). Diversified property portfolio across asset classes and geographies under a large group balance sheet.
Headquarters: Singapore · Founded: 1963 · Employees: 9,700
Size Frasers Property (TQ5.SI) is a Singapore Real Estate company (Real Estate Development) with a market value of $2.80B, the 37th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.91 on 6 Nov 2026.
Performance Over six months the shares fell 20.2%, against -4.9% for the median peer and -1.2% for the Singapore market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue fell 21.1% over the last twelve months (peer median +7.3%); the operating margin is 28.6% (peer median 20.5%).
Valuation It trades at 26.8× forward earnings against a peer median of 15.5× (5th most expensive of 18).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$3.36B | S$3.41B | S$4.22B | S$3.96B | S$3.89B |
| Revenue growth | — | -19% | +7% | +2% | — |
| Gross profit | S$1.40B | S$1.35B | S$1.50B | S$1.53B | S$1.49B |
| EBITDA | S$1.04B | S$1.00B | S$1.14B | S$1.22B | S$1.21B |
| Net income | S$172M | S$230M | S$163M | S$123M | S$871M |
| Free cash flow | S$474M | S$568M | S$775M | S$1.13B | S$948M |
| Capital expenditure | S$60.5M | S$48.9M | S$64.2M | S$127M | S$93.2M |
| Total debt | n/a | S$19.0B | S$18.5B | S$18.2B | S$18.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Frasers Property TQ5.SI | $2.80B | -20% | -21% | 29% | 26.8× | n/a |
| CapitaLand Investment 9CI.SI | $9.22B | -11% | -15% | 29% | 19.3× | n/a |
| City Developments C09.SI | $5.13B | -11% | +36% | 14% | 14.1× | n/a |
| UOL U14.SI | $5.23B | -23% | +2% | 25% | 13.8× | n/a |
| Keppel BN4.SI | $13.0B | -13% | +11% | 11% | 18.9× | 14.8% |
| Wing Tai W05.SI | $846M | -10% | +168% | 6% | n/a | n/a |
| Mirvac MGR.AX | $5.27B | +14% | +6% | 20% | 14.8× | n/a |
| Stockland SGP.AX | $7.74B | +15% | +15% | 20% | 12.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TQ5.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.7% | +3.5% | 8th lowest of 21 |
| 6-month return | -20.2% | -4.9% | 3rd lowest of 20 |
| Distance from 52-week high | -25.4% | -21.8% | 9th lowest of 21 |
| Revenue growth (TTM) | -21.1% | +7.3% | 3rd lowest of 20 |
| Operating margin | 28.6% | 20.5% | 9th highest of 20 |
| Forward P/E | 26.8× | 15.5× | 5th most expensive of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Frasers Property TQ5.SI | Singapore | $2.80B | -20% | -21% | 29% | 26.8× | n/a | n/a |
| Onewo 2602.HK | Hong Kong | $2.84B | +6% | +8% | 3% | 20.6× | n/a | n/a |
| Shenzhen Special Economic Zone Real Estate and Properties (Group) 000029.SZ | China | $2.73B | -6% | -24% | 14% | n/a | n/a | n/a |
| Vantone Neo Development 600246.SS | China | $2.69B | -14% | +22% | -152% | n/a | n/a | n/a |
| Greenland 600606.SS | China | $2.66B | -20% | -30% | -12% | 63.0× | n/a | n/a |
| Catena CATE.ST | Sweden | $2.61B | -11% | +17% | 82% | 13.4× | n/a | n/a |
| Eaglerock Land LLC EROK | United States | $2.60B | n/a | n/a | n/a | 29.6× | n/a | n/a |
| Wallenstam WALL-B.ST | Sweden | $2.57B | -2% | +2% | 60% | 19.3× | n/a | n/a |
| Savills SVS.L | United Kingdom | $2.56B | +37% | +7% | 5% | 13.4× | n/a | n/a |
| Xiangcai 600095.SS | China | $3.07B | -19% | -3% | 12% | 26.5× | n/a | n/a |
| Singapore Land U06.SI | Singapore | $3.08B | -25% | +4% | 36% | n/a | n/a | n/a |
| TAG Immobilien TEG.DE | Germany | $2.51B | -20% | -5% | 31% | 10.1× | n/a | n/a |
| Mobimo MOBN.SW | Switzerland | $3.17B | -1% | +15% | 42% | 26.9× | n/a | n/a |
| Highwealth Construction 2542.TW | Taiwan | $2.42B | -5% | +111% | 25% | 4.3× | n/a | n/a |
| Quzhou Xin'an Development 600208.SS | China | $3.25B | -43% | -4% | -17% | 52.0× | n/a | n/a |
| Cushman & Wakefield CWK | United States | $3.28B | -2% | +10% | 4% | 8.8× | n/a | n/a |
| China World Trade Center 600007.SS | China | $3.31B | +4% | -4% | 42% | 18.6× | n/a | n/a |
| Hilton Grand Vacations HGV | United States | $3.33B | -10% | +19% | 17% | 9.4× | n/a | n/a |
| Relo 8876.T | Japan | $2.30B | +21% | +7% | 20% | 15.5× | n/a | n/a |
| UNITE UTG.L | United Kingdom | $3.41B | +5% | +12% | 46% | 11.9× | n/a | n/a |
| Pandox PNDX-B.ST | Sweden | $3.43B | -1% | +15% | 58% | 14.6× | n/a | n/a |